APMM Q2 2023 Financial Results
Financial highlights Q2 2023
Cash conversion of 95% led to a free cash flow of USD 1.6bn
Cash flow bridge for Q2 2023, USDM
2,758
2,800
2,600
2,400
-822
2,200
2,000
1,800
1,600
-738
1,400
1,200
0
-200
-400
-600
-800
-1,000
-1,200
-1,400
Cash flow
from
operations
Capitalised
lease
instalments
Gross capex
12
APMM Q2 2023 Financial Results
Note: Sum may differ due to rounding
761
1,581
347
36
Financial Sale proceeds Free cash flow Acquisitions
payments, net and dividends
received
-2,392
-995
Dividends
net
and share
buy-backs
Financial
investments
and others,
net
-162
-1,207
Repayment Net cash flow
of/proceeds
from
borrowings,
net
Gross CAPEX was lower in Q2-23
compared to Q2-22, mainly
driven by Ocean.
Free cash flow was USD 1.6bn
(USD 6.8bn) with a cash
conversion of 95%.
Proceeds of MSS divestment
were USD 685m in Q2 offset by
USD 1.5bn from withholding tax
on dividends and a USD 995m
placement of mainly short-term
deposits, translated into a net
cash flow of USD -1.2bn.
Net interest-bearing debt was on
par with end of Q1 2023 with a
net cash position of USD 7.1bn.
Leading to total cash and
deposits of USD 22.1bn
MAERSKView entire presentation